The typical owner-occupied home in Clayton is worth about $361,300, 3% above the Delaware median of $352,000 and 9% above the national median of $332,700. Owners pay a median $1,485 a year in property taxes, about 0.41% of their home's value, lower than the Delaware rate of 0.50%. The median household earns $107,307 a year, so the median home costs 3.4 times the median income (4.1 times for Delaware). 90% of occupied homes here are lived in by their owners, and 83% of those owners still have a mortgage.
Clayton at a glance
| Clayton | Delaware | U.S. | |
|---|---|---|---|
| Median home value | $361,300 | $352,000 | $332,700 |
| Median property tax paid per year | $1,485 | $1,768 | $3,119 |
| Property tax as a share of value | 0.41% | 0.50% | 0.94% |
| Median household income | $107,307 | $84,954 | $80,734 |
| Homes lived in by their owners | 90% | 73% | 65% |
| Owner homes with a mortgage | 83% | 64% | 61% |
| Median monthly costs, owners with a mortgage | $2,002 | $1,816 | $1,963 |
| Those costs as a share of the owners' income | 22.8% | 20.0% | 21.0% |
| Median rent | $1,621 | $1,401 | $1,413 |
| Rent as a share of renters' income | 29.0% | 29.9% | 30.6% |
| Median year homes were built | 2005 | 1987 | 1980 |
| Vacant homes | 0.0% | 13.4% | 10.1% |
| Population | 4,222 | 1,021,191 | 334,922,499 |
What a typical home costs per month in Clayton
At this week's average 30-year rate of 7.11%, buying the median Clayton home of $361,300 with 20% down costs about $2,218 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $2,820, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $95,073 for the 20%-down payment. That payment is 25% of the median Clayton household income of $107,307; at that income and 20% down, the 28% guideline points to a home of about $408,000.
The median rent here is $1,621 a month, so owning the median home costs about $597 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $72,260 |
|---|---|
| Loan amount | $289,040 |
| Principal and interest | $1,944 |
| Property taxes (0.41% a year) | $123 |
| Homeowners insurance (our estimate, 0.5% a year) | $151 |
| PMI | $0 |
| Total per month | $2,218 |
Change the numbers in the calculator
| Down payment | $12,646 |
|---|---|
| Loan amount | $354,756 |
| Principal and interest | $2,386 |
| Property taxes (0.41% a year) | $123 |
| Homeowners insurance (our estimate, 0.5% a year) | $151 |
| FHA mortgage insurance | $160 |
| Total per month | $2,820 |
Change the numbers in the calculator
Questions about home buying in Clayton
What is the median home value in Clayton?
About $361,300 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Clayton?
Homeowners pay a median $1,485 a year, which is about 0.41% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Clayton?
For the median home with 20% down at 7.11%, the payment is about $2,218 a month. Keeping that under 28% of gross income takes about $95,073 a year.
More about Clayton
- Mortgage Refinance in Clayton
- Debt Relief in Clayton
- Home Equity Loans in Clayton
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data